BRIEFING 4.9.08: Auction v. Allocation: Distributing Emission Allowances Under Carbon Cap-and-Trade Legislation
Auction v. Allocation: Distributing Emission Allowances Under Carbon Cap-and-Trade Legislation
Hosted by the Select Committee on Energy Independence and Global Warming
As Congress turns its attention to carbon cap-and-trade policy to address climate change, a critical question will be how emission allowances are distributed. The two main options are either to distribute allowances for free to incumbent polluters or to auction the allowances off.Free allocation is the principal method used in both the U.S. acid rain program under the Clean Air Act and the early phases of the European Union’s carbon cap-and-trade program. However, many economists and policymakers argue that auctioning provides a fairer and more effective means of distributing allowances. Recently, both the European Community and the regional carbon cap-and-trade program in the northeastern United States have rejected free allocation for the electric power sector in favor of full auctioning of allowances.
To learn more about the "auctions v. free allocation" debate, please join the Select Committee on Energy Independence and Global Warming for a Staff Briefing on Wednesday, April 9th at 3:30 p.m., in Room 2325 Rayburn House Office Building. The briefing is open to all staff and the public.
WHAT: Staff Briefing: "Auction v. Allocation: Distributing Emission Allowances Under Carbon Cap-and-Trade Legislation"
WHERE: Room 2325, Rayburn House Office Building, Washington, DC
WHEN: Wednesday, April 9th, from 3:30-5:00 p.m.
WHO: Speakers will include:
Jason Bordoff, Policy Director, Hamilton Project at the Brookings Institution
James Barrett, Executive Director, Redefining Progress
Stephen Smith, Executive Director, Southern Alliance for Clean Energy
PLEASE NOTE: The House Select Committee on Energy Independence and Global Warming was created to explore American clean energy solutions that end our reliance on foreign oil and reduce carbon pollution.
The Select Committee was active during the 110th and 111th Congresses. This is an archived version of the website, to ensure that the public has ongoing access to the Select Committee record. This website, including external links, will not be updated after Jan. 3rd, 2010.
The Select Committee was active during the 110th and 111th Congresses. This is an archived version of the website, to ensure that the public has ongoing access to the Select Committee record. This website, including external links, will not be updated after Jan. 3rd, 2010.
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